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Global Laminated Timber Market is Expected to Grow at a Healthy Pace During 2021-2026, Aided by the Growth of the Global Cross Laminated Timber Market

According to a new report by EMR titled, ‘Global Laminated Timber Market Report and Forecast 2021-2026’, the market is supported by the global cross laminated timber industry, which attained the value of about USD 780 million in 2020. The market is expected to grow at a CAGR of 13% in the forecast period of 2021-2026.

The laminated wood industry is being driven by the increasing demand for sustainable wooden raw materials. The aim to reduce energy consumption by the construction sector, which is responsible for over one-third of the global energy consumption, is propelling the market growth. The market is expected to be aided by its various advantages, including sound insulation, film-free construction, fire protection, low construction strengths, and rain tightness, among others. The ecological shift and consideration of new sustainable technological solutions, along with the increasing use of wood in the construction industry, are expected to catalyse the market growth. The easy adaptability of the laminated timber enables its usage in the construction of walls, floors, and roofs in various types of buildings, along with acoustical properties. This is expected to further the industry growth in the forecast period.

The key players are continuously working on the betterment of products through various technological advancements and the use of new machinery. Some of the major companies in the market are Stora Enso (HEL: STERV) and Binderholz GmbH. The latter, in March 2021, has increased the production at the Jenbach glulam plant in order to meet the consumer’s demand. The plant implements technology 4.0, and the equipment was replaced with the devices of the latest generation. Moreover, a master computer is expected to manage both the macro and micro aspects of the plant. It also employs a fully automatic packaging line, which prepares the packages for a customer. This not only boosts production by 15% but also increases productivity by up to 40%. Developments such as these are anticipated to aid the market growth in the forecast period.

Market Analysis by Type, End Use, and Region:

  • The market, on the basis of type, can be divided into cross laminated timber (CLT), glue laminated timber (Glulam), and nail laminated timber (NLT), among others.
  • Based on end use, the industry can be divided into residential, institutional, and commercial.
  • The regional markets for laminated timber include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The rise of the construction industry due to increasing urbanisation and surging global population is driving the market.
  • The industry is being driven by the increasing use of wood, an eco-friendly material, in the construction industry.
  • Various government programs and initiatives to promote the use of biodegradable raw materials are aiding the industry growth.
  • With the rapid advancement in sustainable technology and increased focus on acoustical and aesthetic properties, the industry is expected to witness further growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global laminated timber market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, end uses, and regions of laminated timber.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market for laminated timber are Binderholz GmbH, Mayr Melnhof Holz Group, Schilliger Holz AG, and Calvert Co., Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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